All Forum Posts by: Russell R.

Does anyone has a referral for a good real estate investor-friendly agent who can help me in the Poughkeepsie area.  Many thanks.

Thank you @Natalie Kolodij - super fast and helpful.

Hello BP Forum

I (presently) live in Westchester, NY and I have a SFH that lease out in Charlotte, NC. I bought it when I lived there. I would like to expand my holding over the next few years; I am considering purchasing more units - possibly in Charlotte but could be anywhere in NC or outside the state - depending on the deals.

I've looked around on the forum for some specific answers and find some that are close, but not precisely this situation. So figured I'd ask my questions regarding setting up a LLC:

1. Is there any benefit to me setting up a LLC for this home? When I purchase more units does the situation regarding an LLC change in any way?
2. Should I set up the LLC for the state where the property is located (NC) or where I live (NY)?

Thank you very much

Russell

@Charles LeMaire thanks for commenting here. I’m in my first syndication and learning as I go - would love to connect with you if you’re amenable. TY

@Charles Worth curious to know how it went if you pursued this route ... I’m curious to explore this myself.

@Frank Sanchez thank you Frank

@Phil Marmorstein thank you

@Kim Stofan I just declined to pursue an opportunity because of this. Numbers worked (I believe it was priced right because of this) but I keep being concerned about this from a tenant point of view. I would not want to live there. I agree that if it is an issue to you, it’s possible that it will be to another purchaser down the line.

Hi everyone

Am curious to know how I can explore different mortgage products/providers without having multiple hits to my credit score/report.

Every time I connect with a bank, etc. they want to run their own credit, and I believe that every time this is run there is a hit to my credit score.

Thanks for any advice on this.

Russell

@Mike Burt just saw this - would you be able to connect me pls? Live in westchester with two rentals in NC. Thanks so much Russ